Several brokerages have updated their recommendations and price targets on shares of International Business Machines (NYSE: IBM) in the last few weeks:
- 2/3/2025 – International Business Machines is now covered by analysts at Wedbush. They set an “outperform” rating on the stock.
- 1/30/2025 – International Business Machines had its price target raised by analysts at JPMorgan Chase & Co. from $233.00 to $244.00. They now have a “neutral” rating on the stock.
- 1/30/2025 – International Business Machines had its price target raised by analysts at BMO Capital Markets from $260.00 to $280.00. They now have a “market perform” rating on the stock.
- 1/30/2025 – International Business Machines had its price target raised by analysts at Jefferies Financial Group Inc. from $245.00 to $270.00. They now have a “hold” rating on the stock.
- 1/30/2025 – International Business Machines had its price target raised by analysts at Morgan Stanley from $217.00 to $228.00. They now have an “equal weight” rating on the stock.
- 1/30/2025 – International Business Machines had its price target raised by analysts at Bank of America Co. from $260.00 to $270.00. They now have a “buy” rating on the stock.
- 1/28/2025 – International Business Machines had its price target lowered by analysts at Morgan Stanley from $222.00 to $217.00. They now have an “equal weight” rating on the stock.
- 1/27/2025 – International Business Machines had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $250.00 price target on the stock.
- 1/23/2025 – International Business Machines had its price target raised by analysts at JPMorgan Chase & Co. from $227.00 to $233.00. They now have a “neutral” rating on the stock.
- 1/23/2025 – International Business Machines had its price target raised by analysts at Bank of America Co. from $250.00 to $260.00. They now have a “buy” rating on the stock.
- 1/14/2025 – International Business Machines had its price target raised by analysts at UBS Group AG from $150.00 to $160.00. They now have a “sell” rating on the stock.
- 1/3/2025 – International Business Machines had its price target raised by analysts at Sanford C. Bernstein from $210.00 to $215.00. They now have a “market perform” rating on the stock.
- 12/16/2024 – International Business Machines had its price target raised by analysts at Morgan Stanley from $208.00 to $222.00. They now have an “equal weight” rating on the stock.
International Business Machines Trading Up 0.7 %
Shares of NYSE:IBM traded up $1.85 during trading hours on Tuesday, hitting $262.58. 1,873,403 shares of the company’s stock traded hands, compared to its average volume of 4,662,526. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $262.50. The business has a fifty day moving average price of $227.30 and a 200-day moving average price of $215.29. The firm has a market capitalization of $242.80 billion, a P/E ratio of 40.96, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.
International Business Machines (NYSE:IBM – Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities analysts expect that International Business Machines Co. will post 10.73 earnings per share for the current year.
International Business Machines Announces Dividend
Insider Buying and Selling
In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by insiders.
Institutional Investors Weigh In On International Business Machines
A number of large investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of International Business Machines by 2.2% during the third quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock valued at $12,307,940,000 after buying an additional 1,200,803 shares during the last quarter. FMR LLC boosted its holdings in International Business Machines by 6.0% in the third quarter. FMR LLC now owns 5,195,933 shares of the technology company’s stock valued at $1,148,717,000 after purchasing an additional 294,276 shares during the last quarter. Swiss National Bank boosted its holdings in International Business Machines by 0.5% in the third quarter. Swiss National Bank now owns 2,726,700 shares of the technology company’s stock valued at $602,819,000 after purchasing an additional 12,400 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in International Business Machines by 20,324.5% in the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock valued at $600,373,000 after purchasing an additional 2,702,340 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in International Business Machines in the third quarter valued at $573,306,000. 58.96% of the stock is owned by hedge funds and other institutional investors.
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
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